Regional mall owner General Growth Properties Inc., which is struggling to avoid a bankruptcy filing, said Monday that it is continuing discussions with bondholders to extend a deadline to pay certain loans.
The nation's second-largest shopping mall owner owns Harborplace & The Gallery and Towson Town Center, among other area shopping centers. It began this month to formally solicit holders of $2.25 billion of the so-called Rouse series of unsecured notes to give General Growth until the end of the year to refinance the debt.
General Growth bought Columbia-based Rouse in 2004 for $11.3 billion and financed much of the purchase through debt. Besides the area malls it owns, General Growth also is Columbia's master developer.
